Cars24 takes the slow lane; Bookmyshow backs D2C marketplace

Cars24 plans to cut its cash burn in half and halt its overseas plans, having already sacked around 700 employees

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Bookmyshow backs D2C marketplace startup, to list it on platform

The startup - housed under Preebee Lifestyle Pvt Ltd — will rely on BMS’ large user base to source traffic to the marketplace, according to sources aware of the matter.

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Cars24 swerves to slow lane to ride out macro storm

The SoftBank and Alpha Wave Global–backed company is looking to reduce its burn rate by around 50% to extend its runway and readjust to a relatively slower rate of growth, starting with halting its aggressive overseas expansion plans in places like the UAE, Middle-East, Thailand, and Australia.

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India approved 80 FDI proposals involving Chinese entities: data

​The government received 382 proposals from the Chinese in all for consideration since India imposed restrictions on investments from countries that share land border with it, Department for Promotion of Industry and Internal Trade (DPIIT) said in response to the RTI.

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ED notices to top crypto sites seek info under FEMA

ED has sent out notices to cryptocurrency exchanges seeking further information under the Foreign Exchange Management Act (FEMA), they added.

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Edtech firm AntWalk raises $7.5 million in funding led by GSV Ventures

AntWalk will use the funds to strengthen its Learning Experience Platform (LXP) using gamification, build its content pedagogy through R&D, and expand the sales and marketing team to widen its customer base

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Edtech firm AntWalk raises $7.5 million in funding led by GSV Ventures

AntWalk will use the funds to strengthen its Learning Experience Platform (LXP) using gamification, build its content pedagogy through R&D, and expand the sales and marketing team to widen its customer base

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